Can I retire at age 30 with 1,540,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$127,172$126,039$124,934$123,855$122,802$122,130
2 years$62,956$61,784$60,647$59,546$58,477$57,799
3 years$41,554$40,376$39,243$38,152$37,100$36,438
4 years$30,855$29,681$28,559$27,486$26,460$25,818
5 years$24,437$23,270$22,163$21,112$20,115$19,494
6 years$20,160$19,002$17,911$16,883$15,916$15,318
7 years$17,106$15,958$14,884$13,881$12,944$12,369
8 years$14,817$13,679$12,623$11,644$10,738$10,186
9 years$13,037$11,910$10,872$9,918$9,043$8,514
10 years$11,614$10,498$9,478$8,550$7,705$7,199
11 years$10,451$9,346$8,345$7,441$6,627$6,143
12 years$9,482$8,388$7,406$6,527$5,743$5,280
13 years$8,663$7,580$6,617$5,762$5,008$4,567
14 years$7,961$6,890$5,945$5,115$4,390$3,970
15 years$7,354$6,295$5,368$4,562$3,865$3,466
16 years$6,823$5,775$4,866$4,084$3,416$3,036
17 years$6,355$5,319$4,428$3,670$3,029$2,668
18 years$5,939$4,915$4,042$3,307$2,693$2,351
19 years$5,568$4,555$3,701$2,988$2,400$2,077
20 years$5,234$4,233$3,396$2,707$2,144$1,838
21 years$4,932$3,943$3,124$2,456$1,919$1,629
22 years$4,658$3,680$2,879$2,233$1,720$1,446
23 years$4,409$3,442$2,658$2,034$1,544$1,286
24 years$4,180$3,225$2,459$1,855$1,388$1,145
25 years$3,970$3,026$2,277$1,694$1,249$1,020
26 years$3,777$2,844$2,112$1,549$1,125$909
27 years$3,598$2,677$1,961$1,418$1,014$812
28 years$3,432$2,522$1,823$1,299$915$725
29 years$3,278$2,380$1,697$1,191$826$648
30 years$3,135$2,247$1,580$1,093$747$579
31 years$3,001$2,124$1,473$1,004$675$518
32 years$2,875$2,010$1,375$923$611$464
33 years$2,758$1,904$1,283$849$553$415
34 years$2,648$1,804$1,199$781$500$372
35 years$2,544$1,711$1,121$719$453$333
36 years$2,446$1,624$1,049$662$411$299
37 years$2,354$1,543$982$610$372$268
38 years$2,266$1,466$919$562$337$240
39 years$2,184$1,394$861$518$306$215
40 years$2,105$1,326$807$478$277$193
41 years$2,031$1,263$757$441$252$173
42 years$1,961$1,202$710$407$228$156
43 years$1,894$1,146$666$376$207$140
44 years$1,830$1,092$625$347$188$125
45 years$1,769$1,041$587$320$171$112
46 years$1,711$993$552$296$155$101
47 years$1,656$948$518$273$141$91
48 years$1,603$905$487$253$128$81
49 years$1,552$864$458$234$116$73
50 years$1,504$826$430$216$106$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,540,000, adding $4,885 every year, while hoping to spend $35,371 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 35/45/20 Blend
29$1,540,000$1,540,000$1,540,000$1,540,000
30$1,702,119$1,620,499$1,596,629$1,751,162
31$1,838,101$1,662,269$1,612,481$1,829,355
32$1,986,767$1,704,900$1,627,680$1,910,037
33$2,149,374$1,748,397$1,642,164$1,996,361
34$2,327,306$1,792,765$1,655,872$2,088,848
35$2,522,086$1,838,005$1,668,739$2,188,073
36$2,735,392$1,884,120$1,680,694$2,294,671
37$2,969,070$1,931,110$1,691,666$2,409,340
38$3,225,156$1,978,975$1,701,577$2,532,847
39$3,505,889$2,027,712$1,710,348$2,666,041
40$3,813,738$2,077,318$1,717,893$2,809,852
41$4,151,420$2,127,788$1,724,123$2,965,309
42$4,521,930$2,179,114$1,728,946$3,133,544
43$4,928,564$2,231,288$1,732,262$3,315,804
44$5,374,954$2,284,298$1,733,970$3,513,464
45$5,865,102$2,338,131$1,733,961$3,728,039
46$6,403,415$2,392,772$1,732,121$3,961,197
47$6,994,749$2,448,203$1,728,332$4,214,779
48$7,644,451$2,504,403$1,722,469$4,490,812
49$8,358,414$2,561,348$1,714,402$4,791,531
50$9,143,130$2,619,012$1,703,992$5,119,397
51$10,005,750$2,677,364$1,691,096$5,477,127
52$10,954,153$2,736,371$1,675,564$5,867,712
53$11,997,019$2,795,996$1,657,238$6,294,450
54$13,143,912$2,856,197$1,635,952$6,760,976
55$14,405,369$2,916,928$1,611,534$7,271,296
56$15,792,998$2,978,140$1,583,803$7,829,829
57$17,319,592$3,039,776$1,552,568$8,441,442
58$18,999,244$3,101,778$1,517,632$9,111,501
59$20,847,481$3,164,080$1,478,787$9,845,923
60$22,881,413$3,226,609$1,435,815$10,651,227
61$25,119,891$3,289,287$1,388,490$11,534,601
62$27,583,689$3,352,031$1,336,573$12,503,969
63$30,295,694$3,414,749$1,279,817$13,568,063
64$33,281,125$3,477,342$1,217,961$14,736,512
65$36,567,771$3,539,703$1,150,734$16,019,925
66$40,186,252$3,601,717$1,077,852$17,430,001
67$44,170,308$3,663,259$999,018$18,979,634
68$48,557,117$3,724,196$913,922$20,683,036
69$53,387,645$3,784,384$822,242$22,555,873
70$58,707,035$3,843,670$723,637$24,615,414
71$64,565,030$3,901,886$617,756$26,880,694
72$71,016,441$3,958,856$504,228$29,372,694
73$78,121,667$4,014,390$382,670$32,114,541
74$85,947,266$4,068,284$252,678$35,131,727
75$94,566,577$4,120,320$113,833$38,452,349
76$104,060,418$4,170,265$0$42,107,379
77$114,517,844$4,217,872$0$46,138,283
78$126,036,990$4,262,874$0$50,601,759
79$138,725,997$4,304,988$0$55,515,064
80$152,704,028$4,343,913$0$60,924,018
81$168,102,401$4,379,326$0$66,879,116
82$185,065,818$4,410,885$0$73,436,009
83$203,753,739$4,438,226$0$80,656,026
84$224,341,880$4,460,959$0$88,606,757
85$247,023,878$4,478,672$0$97,362,692
86$272,013,111$4,490,925$0$107,005,924
87$299,544,720$4,497,251$0$117,626,923
88$329,877,820$4,497,156$0$129,325,397
89$363,297,952$4,490,111$0$142,211,228
90$400,119,775$4,475,557$0$156,405,516
91$440,690,034$4,452,901$0$172,041,720
92$485,390,838$4,421,514$0$189,266,919
93$534,643,262$4,380,727$0$208,243,207
94$588,911,324$4,329,832$0$229,149,220
95$648,706,363$4,268,078$0$252,181,826
96$714,591,869$4,194,670$0$277,557,986
97$787,188,795$4,108,765$0$305,516,803
98$867,181,428$4,009,470$0$336,321,783
99$955,323,839$3,895,840$0$370,263,325
100$1,052,447,009$3,766,874$0$407,661,464